Money managing tips for international students
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Money Managing Tips for International Students. Office of Central Financial Aid. Money Savings Tips for International Students. Agenda Budget Banking Specific Ways to Save Other Ideas “Live like a __________ now, you’ll live like a student after you graduate.”. Budget / Spending Plan.

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Money Managing Tips for International Students

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Money Managing Tips for International Students

Office of Central Financial Aid


Money Savings Tips for International Students

  • Agenda

    • Budget

    • Banking

    • Specific Ways to Save

    • Other Ideas

  • “Live like a __________ now, you’ll live like a student after you graduate.”


Budget / Spending Plan

  • Get one and stick to it!

  • http://www.accessgroup.org/calculators

  • Use cash instead of debit card, less likely to spend.

  • Try keeping a spending journal for one month.

  • Envelope System

    • Put monthly amount in an envelope – when gone – no more – or move between envelopes.


Budget

  • If you’re here for a few years, utility companies offer payment plans that level off payments to same each month

  • Two $3.50 Starbucks Coffees = $364 a year

  • Useful Websites:

    http://www.regent.edu/admin/finaid/undergrad/literacy.cfm


  • Banking

    • Make sure you find a student-friendly bank

      • No fees, no minimum balances, free checking

    • ATM Fees – avoid them!

    • High-interest Online Savings Accounts (ING and others offer www.bankrate.com)


    Credit Cards

    • Use only if necessary

    • Always pay off – avoid extra interest payments

    • Regent does not take Visa for online payments

    • Look for special cards for students or ones that give benefits you want (frequent flyer miles, cash back, etc.) – careful of hidden fees


    Identity Theft

    • Safeguard your Social Security Number, birthday, name

    • Many banks offer debit/credit cards with your photo on it

    • http://www.annualcreditreport.com

    • http://www.ftc.gov/bcp/edu/microsites/idtheft/


    Ways to Save


    Sales

    • Always happening

    • Right after a holiday is a good way to save on seasonal items

    • Certain holidays/seasons have traditional sales

      • January = White Goods (towels, linens)

      • Memorial Day = Guitar Center for musical instruments (VaBeach Blvd)

    • Sunday Newspaper has inserts

    • Grocery Stores – look at front of store for a flyer (Wednesday newspaper has a food section)

    • Register online and you can receive grocery stores weekly fliers

    • Drug Stores – look at front of store for a flyer


    Thrift Stores

    • Items are used

    • Also known as:

      • Second-Hand Store, Charity Shop, etc.

    • Perfect for:

      • Baby Clothes

      • Used Furniture

      • Lightly used clothes

      • Other Household Goods


    Thrift Stores

    • Local stores:

      • CHKD Thrift Store (Corner of Centerville/Kempsville)

      • Virginia Beach Blvd near corner of Newtown Road

        • Salvation Army

        • D.A.V.

        • Goodwill

      • CHKD Thrift Store on Indian River (near the corner of Indian River and Military Hwy.)

      • Union Mission Thrift Store at 4016 Indian River Rd.  (go west on Indian River)


    Food Coupons

    • Easy way to save money

    • Many stores offer double/triple coupons

      • Coupon for 50 cents = $1.00

      • Harris Teeter, Kroger, etc.

    • Often only on higher priced name brand products, compare price with generic, read the fine print

    • Store Cards; offer special discounts to those who have a card (go by names like MVP Card, Super Saver Card, etc.)


    Generic Brands

    • Most major groceries offer a generic alternative to most food products

    • Each store has different “house” brand name

      • Wal-mart = Equate (toiletries, GW for food)

      • Harris Teeter Brand

    • Medicines, Prescription Drugs


    Store End Caps

    • Location where stores put:

      • Liquidation items

      • Sale items

      • Slightly damaged goods


    Garage / Yard Sales

    • Very popular on weekends

    • People moving, cleaning out their homes, etc.

    • Newspaper lists location in classified section

    • Don’t be afraid to negotiate

    • http://classified.hamptonroads.com/searchresults.cfm?category=4e


    nuride

    • www.nuride.com

    • Ride Sharing Community

    • Earn Rewards from Local/National Companies

      • Gift Cards

      • Retail Discounts

      • Tickets

    • Earn points for trips

    • Must sign up using your Regent e-mail account


    nuride

    • http://www.nuride.com/nuride/public/how_it_works.jsp


    Online Shopping

    • Amazon.com

    • Overstock.com

    • Shipping Costs!

    • Make sure you can’t get it cheaper by going to the store.


    Craigslist

    • Free online classified ads

    • http://norfolk.craigslist.org/

    • Anything and everything

    • There is a list for almost every major city in the world


    Other Coupons

    • Weekly flyers in the mail for goods and services from local companies

    • Entertainment Book

      • $20 – all sorts of specials, discounts

      • Restaurants, events, culture, sports, etc.


    Student Discounts

    • Movies, Theme Parks, software, computers

    • Regent Bookstore offers discounted movie tickets

    • Travel

    • Some retail stores: J. Crew, Apple

    • Regent Human Resources Office has a list of possible discounts:

      http://www.regent.edu/admin/hr/discounts.cfm

      Might change – best to check first. Some are only for staff – but some are also for students


    Local Events

    • Lots of free events in the area; summer festivals, concerts, etc.

      • Hamptonroads.com

    • YMCA offers financial assistance, will need to provide proof of income (or lack thereof)

    • Matinee Movies (early in the day)

    • Museums offer student discounts, Chrysler Art Museum free on Wednesdays


    Dining Out

    • Buy one, get one free coupons found in weekly mailings, online

    • Skip the soda – water.

    • Tipping:15-20% off the pre-tax amount

      • Not included in check unless with a large group

    • Learn to cook: spending $20/week dining out is over $1,000 a year


    Other Ideas?

    • Anything you do to save money?


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